2. Legislative repeal of inactive boards. The Secretary of State shall submit legislation to the joint standing committee of the Legislature having jurisdiction over state government matters on or before March 2nd January 15th in the first regular session of each biennium to repeal those boards that have not reported on their activities to the Secretary of State under this section or section 12005-A during either of the prior 2 calendar years or have been inactive during the preceding 24 months.

Sec. 48. 5 MRSA §12009, sub-§1, as amended by PL 1991, c. 780, Pt. Y, §105, is further amended to read:

1. Report to Commissioner of Administrative and Financial Services. The Secretary of State, by January 30th 15th of each year, shall submit to the Commissioner of Administrative and Financial Services a list of the boards, with the name and address of each clerk who failed to report as required in section 12005-A.

Sec. 49. 5 MRSA §12015, sub-§2, as enacted by PL 1983, c. 814, is repealed.

Sec. 50. 5 MRSA §13127, as amended by PL 1999, c. 556, §7, is repealed.

Sec. 51. 5 MRSA §13128, as amended by PL 1989, c. 903, §3, is repealed.

Sec. 52. 5 MRSA §13129, as amended by PL 1993, c. 410, Pt. E, §20, is repealed.

Sec. 53. 5 MRSA §13130, sub-§4, as amended by PL 1993, c. 410, Pt. E, §21, is further amended to read:

4. Use and administration of trust. Trust funds must be used to provide grants to meet the purposes of this section. Administration of the awards is pursuant to section 13129. In addition, the The foundation shall administer the trust as follows.

A. Unless otherwise specified by the source of a contribution to the trust, 50% of a contribution to the trust must be deposited in a principal account and maintained as a permanent endowment. The income earned on funds held in this account, combined with the remaining 50%